Airfreight rates suffered another month of falls in June, sinking to new lows, according to Drewry Maritime Research’s monthly Sea & Air Shipper Insight report.
Drewry’s East-West Air Freight Price Index, a weighted average of airfreight rates across 21 East-West trades, fell by 2.7 points in June to 94.3 points.
Some erosion in pricing was anticipated as the trade entered the high season for passenger demand which tends to depress air cargo load factors, Drewry said.
But June’s fall brought the index down to its lowest level since it was launched in May 2012.
“We expect airfreight pricing to remain under pressure until the end of this holiday season, after which carriers are expected to rein in capacity which should buoy rates,” said Simon Heaney, research manager at Drewry.
Photo: BriYYZ
